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Daily Technical Analysis

EUR/USD

Current level – 1.1809

The currency pair continued its upward movement from yesterday’s trading session and once more tested the minor resistance at 1.1815. If this resistance does not hold and the EUR/USD manages to stay above it, the euro is expected to continue to appreciate against the dollar and the pair should focus on the key resistance at 1.1903. The first important support lies at 1.1694. Today, investors’ attention will be focused on the initial jobless claims for the United States (12:30 GMT).

Resistance Support
intraday intraweek intraday intraweek
1.1815 1.2080 1.1694 1.1580
1.1903 1.2200 1.1583 1.1460

USD/JPY

Current level – 106.67

The expectations are for the pair to continue its upward movement and for the yen to reach values ​​of 107.50 per dollar in the short term. This level is also an important resistance which, if breached, will lead the pair to a test of the next important resistance at 108.10. First support lies at 106.15.

Resistance Support
intraday intraweek intraday intraweek
106.70 107.50 106.15 104.85
106.70 108.10 105.55 104.20

GBP/USD

Current level – 1.3059

The currency pair still can not get out of the range, in which it has been trading for several days – 1.3000 – 1.3180. However, the expectations are for a downward movement and a breach of the lower border of the range at 1.3000 in the short term. The lower and upper borders of the mentioned range act as important support and resistance, respectively.

Resistance Support
intraday intraweek intraday intraweek
1.3160 1.3200 1.3002 1.2898
1.3160 1.3300 1.2950 1.2758

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These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. The forecasts made are based on technical analysis. However, Delta Stock’s Analyst Dept. also takes into consideration a number of fundamental and macroeconomic factors, which we believe impact the price moves of the observed instruments. Delta Stock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Delta Stock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result. Any information is subject to change without notice.

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